verb[with object] British
1(Of a seller) raise the contracted price of a property after having informally accepted a lower offer (from an intending buyer).
More example sentences
- Yes, it sounds as if the modern digital cellular service has already gazumped the WiFi network idea.
- That committee finally reported last Friday, but the Government had already gazumped it.
- Whereas gazumping gave sellers the upper hand, allowing them to accept 11 th hour bids above the original offer, gazundering turns the tables on them.
- More example sentences
- In Britain we are the worst gazumpers in Europe, with about one in three buyers falling victim.
- Ward off gazumpers and make vendors feel morally bound to proceed, by keeping in touch with everyone involved.
- When prices are rising so quickly, there's plenty of room for a gazumper to step in and offer the buyer a better deal.
Definition of gazump in:
- The British & World English dictionary